Observations on the market action and the implications of the gold and silver markets.

Monday, April 28, 2008

Gold Double Bottom

Gold and silver prices could be putting in double bottoms for this temporary reaction / correction.

Ideally, the second bottom on a double bottom should be slightly lower than the first, for an extra strong shake out of the weak longs. We should know whether gold and silver prices are finalizing their bottoms in short order.